Viant Technology (NASDAQ:DSP) CEO Sells $59,700.00 in Stock

Viant Technology Inc. (NASDAQ:DSP) CEO Timothy Vanderhook sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total value of $59,700.00. Following the completion of the sale, the chief executive officer directly owned 7,500 shares of the company’s stock, valued at approximately $89,550. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Timothy Vanderhook also recently made the following trade(s):

• On Thursday, January 22nd, Timothy Vanderhook sold 2,574 shares of Viant Technology stock. The shares were sold at an average price of $12.87, for a total value of $33,127.38.
• On Wednesday, January 21st, Timothy Vanderhook sold 4,926 shares of Viant Technology stock. The stock was sold at an average price of $12.24, for a total value of $60,294.24.

Viant Technology Trading Up 2.3%

NASDAQ:DSP traded up $0.29 on Thursday, hitting $12.75. 212,149 shares of the company’s stock traded hands, compared to its average volume of 161,571. The company has a market cap of $795.98 million, a PE ratio of 115.92 and a beta of 1.03. Viant Technology Inc. has a 1 year low of $8.11 and a 1 year high of $26.33. The firm has a 50-day moving average price of $11.41 and a 200-day moving average price of $10.79.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The company had revenue of $85.58 million during the quarter, compared to analysts’ expectations of $85.54 million. On average, research analysts forecast that Viant Technology Inc. will post -0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

DSP has been the topic of a number of research reports. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Citizens Jmp cut their price target on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Tuesday, November 11th. Finally, DA Davidson raised their price objective on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.50.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Viant Technology during the 2nd quarter worth $8,443,000. Granite Investment Partners LLC acquired a new position in Viant Technology during the 2nd quarter worth $7,239,000. Voya Investment Management LLC lifted its position in Viant Technology by 24.6% during the 1st quarter. Voya Investment Management LLC now owns 19,129 shares of the company’s stock worth $237,000 after acquiring an additional 3,782 shares during the last quarter. Rhumbline Advisers boosted its holdings in Viant Technology by 2.8% during the first quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock valued at $546,000 after acquiring an additional 1,214 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of Viant Technology by 16.3% in the second quarter. Moran Wealth Management LLC now owns 34,356 shares of the company’s stock valued at $455,000 after purchasing an additional 4,817 shares during the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.